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Algousdc

Will ALGORAND'S 'anti Trump' management team kill the project?ALGORAND has some serious potential in regard to its technology and its use case, but it’s well known that the people behind ALGO are publicly—and unfortunately loudly—against Trump and his agenda to 'Make America Great Again' and to make 'America the crypto capital of the world.' I like ALGORAND's project and technology, but I also think that the management's inability to keep their political opinions to themselves, and instead focus on their business model, could end up working against ALGO over the next four years. I think it’s not only a bad idea to take a public political stance as they have when you have a business to run, but their poor judgment could severely hurt ALGO investors over the course of the current administration. But, let’s hope that isn’t the case. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
3
Is an 11X in the cards for ALGO, taking price to $2.00 +?The days of "alt-coin season" are over, and we are now living in the time of Utility Season. Many cryptocurrencies that lack real-world utility simply didn't rally much, if at all, during the "Trump pump." Did you ever ask yourself why? Because the days of speculation are coming to an end, and the new era of utility is quickly becoming the law of crypto. Ninety-nine percent of cryptocurrencies will not survive what's coming, and if your chosen crypto isn't on the ISO 20022 list, then kiss it goodbye! ALGO will be one of the few chosen beneficiaries of Utility Token Season and is looking like the charts could indicate a run-up of around 11X to the $2.00+ level in the coming 6 to 9 months. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
2
ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle
Algo Breakout has occurred. What am I waiting for?Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to. I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet. Stew
by stewdamus
2
Expanding Diagonal for ALGOUSDLeading Expanding Diagonal (3-3-3-3-3) Rules: Wave 1 shorter than Wave 3 Wave 3 shorter than Wave 5 (sets 7$+ target for Wave 5) Wave 4 must overlap into Wave 1 territory Can overshoot or undershoot the top trendline Additional comments: Local bottoms seem to be equally spaced according to time cycles; Stochastic RSI is deeply oversold on all major timeframes (Daily, 3D, Weekly and Monthly) It might go lower than current price but a major move to the upside should be starting soon There's also a lot of fundamental bullish news for Algorand in 2022 This chart is for educational purposes only, it's not financial advice
COINBASE:ALGOUSDLong
by Stricken
5
ALGOUSDT, Are we repeating the previous cycle ?Hello everybody According to the chart you can see the price was done the cycle and now because of the distance of the price is a little far from static support line that we shown on chart (Yellow Box), We expect the price is coming to impact to the trendline support area then it can repeat the cycle and we are in the beginning of the cycle. But if the price can not support from the trendline support zone its ready to drop more and break that support and reach to our static zone (Yellow Box). The trend of the ALGO is upward adn we are only be in position according to the trend :D Previous analysis : If you have any question ask us in private Good Luck Abtin
Long
by Abtin00
Algorand [ALGO] Structural developmentsHi everyone, We are currently looking at the Daily chart of Algorand. There is a noticable price action within the current trend: > Breakout A Trend often starts with a strong breakout in combination with the right volume (see beginning of January) > Channels and structural formations After a breakout, the trend is situated within a channel where relatively small to deep pullbacks can occure. The channels can form structural formations as ascending-descending triangles, wedges,... These formations can extend the channel or evolve into a trend reversal > Trading range with reconsolidation The market is not trending in this range, it is moving between its support and resistance levels waiting for the momentum that can lead to a breakout (it often fails). Always keep in mind a reversal can take place! Algorand is currently consolidating within its bullish triangle formation. If we can realize a breakout above the upper-boundery of the ascending structure, there is potential other important levels can be tested. As I always highlight, a combination of good volume and right price action is required to confirm this. Strong fundamentals: - Unmarsh partnership enables developers to easily build high performing applications on Algorand - SIAE launched 4M+ NFT's on Algorand - Chainalysis integration - Swingby protocol Skybridge integration - SimpleSwap partnership - Republic note build on Algorand In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 If you enjoy this idea, please like and leave a comment 🌜 This is not financial advice
by M00N_BEAMS
6